EPFO eases withdrawal process, no need for bank account verification

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The story "EPFO eases withdrawal process, no need for bank account verification" was covered 20 hours ago by Business Standard, a news publisher based in India.

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EPFO eases withdrawal process, no need for bank account verification - Business Standard

Quick Summary:

At present, members of Employees' Provident Fund Organisation (EPFO), while applying for withdrawal of funds from PF accounts online, need to upload image of cheque leaf or attested photo copy of the passbook of the bank account seeded with the UAN (Universal Account Number) or PF number.

Retirement fund body EPFO on Thursday said applicants seeking withdrawal from provident funds online do not have to upload the image of a cancelled cheque and their bank accounts need not be verified by employers.

The EPFO has completely dispensed with the requirement of uploading an image of a cheque leaf or attested bank passbook while filing online claims, the labour ministry said in a statement.